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The NASDAQ OMX Group Inc. announced the results of the annual reranking of the NASDAQ-100 on Monday were three companies were added: American Airlines Group Inc. (NASDAQ: AAL), Electronic Arts Inc. (NASDAQ: EA) and Lam Research Corp. (NASDAQ: LRCX).
While exchange traded funds (ETFs) make their adjustments unilaterally at the time of the index changes, the reality is that fund managers who track indexes often move in ahead of, during or after an index changes as they see fit.
American Airlines has seen its shares rally nearly 102% year-to-date. On Monday afternoon, shares were up less than 1% at $51.07 and up 1% over the past five days. The stock has a consensus analyst price target of $60.79 and a 52-week trading range of $24.63 to $51.88.
Electronic Arts shares have risen about 107% this year. In Monday, shares were up less than 1% at $47.77. Also over the past five days, shares rose more than 5%. The consensus analyst price target is $45.24, and the 52-week trading range is $21.25 to $48.35.
Lam Research shares have had a year-to-date gain of 49%. On Monday, shares were up 1.5% at $81.77. Over the past five days, shares have risen about 4%. The consensus price target of $87.19 compares to a 52-week trading range of $48.45 to $85.70.
NASDAQ-100 was up less than 0.5% at 4291.36. Over the past five days, the index has risen 3%. The 52-week range on the index is 3,414.11 to 4,347.09.